FURP.ORG / PUBLIC DATA EXPLORER

Strategy Studio is now furp.org. Same site, same data, new address. Please update your bookmarks (and anything that links to strategystudio.org); old links keep working by sending you here.

STEM PREPARATORY ACADEMY: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
STEM PREPARATORY ACADEMY (EIN 27-2163445)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-16
IRS object ID
202221369349309147
Schema version
2020v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-16T13:33:48-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN275360847PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CROSSLIN PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13803 BEDFORD AVENUE SUITE 103AddressLine1Txt
CityNASHVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP37215ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN272163445EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STEM PREPARATORY ACADEMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSTEMBusinessNameControlTxt
Phone6159212200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11162 FOSTER AVENUEAddressLine1Txt
CityNASHVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP37211ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDR KRISTIN MCGRANERPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone6159212204PhoneNum
Signature2022-05-16SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDRPersonFirstNm
Person LastKRISTIN MCGRANERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEVEN D WARRENPreparerPersonNm
PTINP00921930PTIN
Phone6153205500PhoneNum
Preparation2022-05-16PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDR KRISTIN MCGRANERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11162 FOSTER AVENUEAddressLine1Txt
CityNASHVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP37211ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$16,997,797GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.STEMPREPACADEMY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2010FormationYr
Legal Domicile StateTNLegalDomicileStateCd
Activity Or MissionTO PROVIDE A COLLEGE PREPARATORY EDUCATION WITH AN INTEGRATED FOCUS ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS, TO FIFTH THROUGH TWELFTH GRADE STUDENTS IN SOUTH NASHVILLE.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee135TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$11,629,339PYContributionsGrantsAmt
CY Contributions Grants$16,960,374CYContributionsGrantsAmt
PY Program Service Revenue$112,873PYProgramServiceRevenueAmt
CY Program Service Revenue$37,423CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$11,742,212PYTotalRevenueAmt
CY Total Revenue$16,997,797CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$7,204,677PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$7,058,055CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$4,706,189PYOtherExpensesAmt
CY Other Expenses$4,691,103CYOtherExpensesAmt
PY Total Expenses$11,910,866PYTotalExpensesAmt
CY Total Expenses$11,749,158CYTotalExpensesAmt
PY Revenues Less Expenses-$168,654PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$5,248,639CYRevenuesLessExpensesAmt
Total Assets BOY$10,889,736TotalAssetsBOYAmt
Total Assets EOY$14,161,717TotalAssetsEOYAmt
Total Liabilities BOY$8,621,173TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,644,515TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,268,563NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$7,517,202NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROVIDE A COLLEGE PREPARATORY EDUCATION WITH AN INTEGRATED FOCUS ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS, TO FIFTH THROUGH TWELFTH GRADE STUDENTS IN SOUTH NASHVILLE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$8,540,513ExpenseAmt
Revenue$37,423RevenueAmt
DescIN 2021, STEM CELEBRATED ITS TENTH ANNIVERSARY OF SERVING THE FAMILIES OF THE SOUTH NASHVILLE COMMUNITY. THOUGH MUCH HAS CHANGED SINCE THE INAUGURAL YEAR, OUR COMMITMENT TO OUR STUDENTS AND THEIR FAMILIES CONTINUES TO PERSIST. STEM SERVES A UNIQUE, HIGHLY DIVERSE POPULATION AND HAS ESTABLISHED A TRACK RECORD OF OUTSTANDING ACADEMIC RESULTS, ACHIEVED WITH UNMATCHED FISCAL EFFICIENCY. STEM CONTINUES TO OUTPERFORM PEER SCHOOLS THROUGHOUT THE STATE ACROSS ALL SUBJECT AREAS.SINCE ITS INCEPTION, STEM HAS ACCOUNTED FOR 100% OF THE "EXCELLING" SEATS IN THE CLUSTER, AS DETERMINED BY THE SCHOOL DISTRICT'S ACADEMIC PERFORMANCE FRAMEWORK. MOREOVER, ENGLISH LEARNERS ACHIEVE LANGUAGE PROFICIENCY ON AVERAGE IN ONE TO TWO YEARS AT STEM, COMPARED TO FIVE TO SEVEN YEARS IN DISTRICT EL PROGRAMS.FOR MORE INFORMATION REGARDING STEM PREP'S 2021 ACADEMIC ACCOMPLISHMENTS, PLEASE CONTACT THE SCHOOL'S EXECUTIVE DIRECTOR, DR. KRISTIN MCGRANER, AT THE ADDRESS OR TELEPHONE NUMBER STATED ON PAGE 1 OF THE FORM 990.Desc
Total Program Service Expenses$8,540,513TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document19IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee135EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CFO BUSINESS STRATEGIESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6155911381PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1501 CORPORATE CENTRE DRIVE STE 350AddressLine1Txt
CityFRANKLINCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37067ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
DR MARILYN ODOM
BOARD DIRECTOR2.00Yes (X)$0$0$0
MOHAMMED SHUKRI
BOARD DIRECTOR2.00Yes (X)$0$0$0
MARTY SZEIGIS
BOARD CHAIR2.00Yes (X)$0$0$0Yes (X)
DR JULIE HUDSON
SECRETARY2.00Yes (X)$0$0$0Yes (X)
MAREES CHOPPIN
TREASURER2.00Yes (X)$0$0$0Yes (X)
KIM THOMASON
BOARD DIRECTOR2.00Yes (X)$0$0$0
ANNE DAVIS
BOARD DIRECTOR2.00Yes (X)$0$0$0
DR KRISTIN MCGRANER
EXECUTIVE DIRECTOR40.00$147,200$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$147,200TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
TRANSPAR GROUP INC
880 ISLAND PARK DR SUITE 300CHARLESTONSC29492TRANSPORTATION SERVICES$672,079
TECHNOLOGY LAB
1829 JO JOHNSTON AVENASHVILLETN37203TECHNOLOGY SUPPORT$451,075
SCHOOL FACILITY MANAGEMENT LLC
800 18TH AVENUE SOUTHNASHVILLETN37203TEMPORARY BUILDING$326,436
SERVICEFM LLC
1200 BELL LANE SUITE CNEW ALBANYIN47150CONTRACTED SERVICES$194,791
FAMILY AND CHILDREN SERVICES
2400 CLIFTON AVENUENASHVILLETN37209CONTRACTED SERVICES$183,600
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Government Grants$16,786,280GovernmentGrantsAmt
All Other Contributions$174,094AllOtherContributionsAmt
Total Contributions$16,960,374TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MISCELLANEOUS611110$31,601$31,601
PROGRAM SERVICE FEES611110$5,822$5,822
FieldValueIRS element (for citing)
Total Program Service Revenue$37,423TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$16,997,797TotalRevenueColumnAmt
Related Or Exempt Func Income$37,423RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$147,200TotalAmt
Program Services$119,798ProgramServicesAmt
Management And General$27,402ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$6,910,855TotalAmt
Program Services$5,624,374ProgramServicesAmt
Management And General$1,286,481ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$77,418TotalAmt
Management And General$77,418ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$868,959TotalAmt
Management And General$868,959ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$207,103TotalAmt
Management And General$207,103ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$817,845TotalAmt
Program Services$654,276ProgramServicesAmt
Management And General$163,569ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$869,827TotalAmt
Program Services$869,827ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$255,722TotalAmt
Management And General$255,722ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,143,044TotalAmt
Program Services$914,435ProgramServicesAmt
Management And General$228,609ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
INSTRUCTIONAL MATERIALS$225,930$225,930
STAFF DEVELOPMENT$105,462$60,937$44,525
OTHER EXPENSES$72,203$70,936$1,267
ORGANIZATIONAL DEVELOPM$47,590$47,590

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$11,749,158TotalAmt
Program Services$8,540,513ProgramServicesAmt
Management And General$3,208,645ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,956,636BOYAmt
EOY$3,955,874EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$755,818BOYAmt
EOY$2,019,252EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$687,219BOYAmt
EOY$1,674,234EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$11,590,756LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,322,031LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$6,998,397BOYAmt
EOY$6,268,725EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$491,666BOYAmt
EOY$243,632EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,889,736BOYAmt
EOY$14,161,717EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$580,767BOYAmt
EOY$348,518EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$245,545BOYAmt
EOY$249,158EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$6,646,072BOYAmt
EOY$4,619,945EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,148,789BOYAmt
EOY$1,426,894EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$8,621,173BOYAmt
EOY$6,644,515EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,134,923BOYAmt
EOY$6,204,320EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$133,640BOYAmt
EOY$1,312,882EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,268,563BOYAmt
EOY$7,517,202EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,889,736BOYAmt
EOY$14,161,717EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$5,248,639ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$858,029OtherCostOrOtherBasisAmt
Depreciation$51,203DepreciationAmt
Book Value$806,826BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$7,622,939OtherCostOrOtherBasisAmt
Depreciation$3,020,051DepreciationAmt
Book Value$4,602,888BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,111,434OtherCostOrOtherBasisAmt
Depreciation$693,905DepreciationAmt
Book Value$417,529BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,998,354OtherCostOrOtherBasisAmt
Depreciation$1,556,872DepreciationAmt
Book Value$441,482BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$6,268,725TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DEFERRED INFLOWS OF RESOURCES - PENSION$1,134,894
TENANT IMPROVEMENT ALLOWANCE$292,000
FieldValueIRS element (for citing)
Total Liability$1,426,894TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$16,997,797TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$16,997,797RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$16,997,797TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$0TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$0ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$0TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationSTEM PREPARATORY ACADEMY IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE INTERNAL REVENUE CODE, CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION AND IS SIMILARLY EXEMPT FROM STATE INCOME TAXES. STEM ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE LIKELY THAN NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. TAX POSITIONS FOR STEM INCLUDE, BUT ARE NOT LIMITED TO, THE TAX-EXEMPT STATUS AND DETERMINATION OF WHETHER INCOME IS SUBJECT TO UNRELATED BUSINESS INCOME TAX; HOWEVER, STEM HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships Recs0MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3ALL POLICIES ARE INCLUDED IN ALL ENROLLMENT AND REGISTRATION DOCUMENTS AND MATERIALS
SCHEDULE E, PART I, LINE 4STEM IS A FREE PUBLIC SCHOOL, THEREFORE QUESTION 4B IS NOT APPLICABLE.
SCHEDULE E, PART I, LINE 6STEM PREPARATORY ACADEMY IS A PUBLIC CHARTER SCHOOL. AS SUCH, STEM RECEIVES LOCAL, STATE, AND FEDERAL FINANCIAL ASSISTANCE IN THE SAME MANNER AS A TRADITIONAL PUBLIC SCHOOL.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BSTEM'S FINANCE COMMITTEE AND BOARD OF DIRECTORS ARE PROVIDED A COPY OF THE FORM 990 FOR COMMENT AND REVIEW. UPON APPROVAL, THE FORM 990 IS RELEASED FOR FILING.
FORM 990, PART VI, SECTION B, LINE 12CCONFLICT OF INTEREST POLICY FORMS ARE SUBMITTED TO ALL BOARD MEMBERS ON AN ANNUAL BASIS. FORMS ARE COMPLETED AND SIGNED EACH YEAR BY EACH BOARD MEMBER. THE BOARD CONVENES EVERY MONTH, AT WHICH TIME ANY CONFLICTS OF INTEREST ARE ADDRESSED. ANY BOARD MEMBER WHO IS SUBJECT TO A CONFLICT OF INTEREST IS REQUIRED TO ABSTAIN FROM VOTING ON THE MATTER FROM WHICH THE CONFLICT ARISES.
FORM 990, PART VI, SECTION B, LINE 15INDEPENDENT BOARD MEMBERS DETERMINE MANAGEMENT, OFFICER, AND KEY EMPLOYEES COMPENSATION. COMPENSATION IS BASED ON INDUSTRY STANDARD AND NEGOTIATION.
FORM 990, PART VI, SECTION C, LINE 18THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE FOR PUBLIC INSPECTION AT HTTPS://GIVINGMATTERS.GUIDESTAR.ORG.
FORM 990, PART VI, SECTION C, LINE 19ORGANIZATION DOCUMENTS CAN BE OBTAINED BY CONTACTING THE DIRECTOR OF OPERATIONS AT STEM PREPARATORY ACADEMY.